We Wish to Build Globally Relevant SKY Gold: Akash Talesara
Israel’s Diamond Industry Under Severe Pressure
Did Natural Diamond Ind. Misjudge LGD Threat?
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
Why Is a Widening Gulf War Lifting Oil but Sinking Gold and Silver?
Macro Snapshot: The week ending 30 October brought the kind of news that once sent buyers into gold. Reuters reported the first known successful limpet-mine strike on a tanker in the Strait of Hormuz since the war began in February, and Houthi forces claimed strikes on Saudi refineries. Washington ordered non-emergency government staff out of Saudi Arabia amid reports that US strikes on Iran could resume after the 3 November midterm elections. Brent rose 13.6% over October, with the expiring
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Platinum Strike Deal Edges Closer
Johannesburg: Labour negotiations at South Africa’s PGM mines are edging closer to a resolution as talks mediated by a ministerial task team continue. July platinum softened for a fifth session in a row on Wednesday to $1,433 an ounce and is down sharply from the $1,493 level less than two weeks ago over renewed hopes for an end to the
De Beers Signs $37M Deal for BT Networking
Gaborone: The De Beers Group selected BT for a range of IT and networking services with a six year contract and at a cost of $37 million. BT will orchestrate IT services across 70 De Beers locations, including exploration and mining sites, drawing on capabilities of the BT Connect portfolio that provides fiber optic, microwave and satellite linkages, as well
Chaim Zohar Awarded Life Membership of DDC
Johannesburg: Renowned diamond industry journalist Chaim Even-Zohar has been awarded an Honorary Life Membership of the Diamond Dealers Club of South Africa (DDC) for his lifetime dedication and contribution to the diamond industry. Ernie Blom, Chairman of the DDC and World Federation of Diamond Bourses President, presented Even-Zohar with the membership certificate. “We, as the Diamond Dealers Club of South
ALROSA and DDC Sign MoU
Las Vegas: ALROSA and Diamond Dealers Club of New York signed a Memorandum of Understanding (MoU) aimed to develop the diamond industries of Russia and the USA.The document was signed at an official ceremony in Las Vegas on 30 May by Reuven Kaufman, President of the DDC, and Alexander Malinin, Director of “Brillianty ALROSA” (ALROSA’s cutting and polishing division). The
ORRA Launches Largest Store in Nagpur
Nagpur: Actress Bhumi Pednekar launched the largest store of ORRA (3,500 sq. ft.), the bridal jewellery brand for the style-conscious women of today and brides, in Nagpur. Mr. Dipu Mehta (Promoter of ORRA) and Mr. Cecil de Santa Maria (COO, ORRA) were also present on the occasion. The first-of-its-kind Bridal Jewellery Zone in the ORRA store helps brides and their families
Peter Meeus Makes Second Bid for HRD Antwerp
In execution of a sales process announced by the Antwerp World Diamond Centre (AWDC) to sell a majority of the shares of HRD Antwerp NV, as announced in the Summer of 2019, Peter Meeus has made an offer through a Letter of Intent (LOI) deposited at AWDC/HRD at 13:00 hrs yesterday. Meeus has made a bid complying 100% with the terms
IIG Extends Scholarships to 10 Students at NJA
Mumbai: International Institute of Gemology (IIG) sponsored Student of the year awards to 10 winners with the scholarship amount 10 lacs (one lac each) in the 9th Edition of National Jewellery Awards (NJA 2019), one of country’s most prestigious award that honors the work of designers and manufacturers in various categories such as Best Jewellery Designs, Best Diamond & Precious
IIJS Signature Promotes India’s Traditional Skills
Mumbai: The Crafts Pavilion, promoted by the Gem & Jewellery Skill Council of India (GJSCI) at IIJS Signature 2020, had turned the spotlight on three of the country’s spectacular traditional jewellery making crafts, with the aim of helping to revive, modernise and eventually market these localised art forms. A visit to the comparatively simply decorated stall at the show revealed
